Reply #2: U.S. Empire State index plunges to 12.6 in August

[UpInArms]

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={FC130EBA-A727-4F7D-A63F-903743E41449}&siteid=mktw

WASHINGTON (CBS.MW) -- Manufacturing activity in the New York area slowed dramatically in August, the New York Federal Reserve Bank said Monday. The bank's Empire State Manufacturing index plunged to 12.6 in August from 35.6 in July. This index is at its lowest level since May 2003. But the index is still above zero, which indicate expansion. Aside from a slight dip in March, the Empire State index has been above 30 since last October. Economists were expecting the index to slip only to about 31.8 in August. The new orders index fell to 14.9 from 28.6 in July, while shipments fell to 11.9 from 34.0.

OUCH!

Aug 16 8:30 AM
NY Empire State Index Aug
reported 12.6
briefing.com anticipated 33.0
market anticipated 32.3
last report 36.5
revised from 36.5

Now that is going to leave a welt.

dollar index not working - will give the numbers as soon as it is up.